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Real Estate Salesperson Exam — National Portion

Recovery fund (AZ): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Arizona

What is the most Arizona's Real Estate Recovery Fund pays per transaction?

  1. $10,000
  2. $20,000
  3. $30,000
  4. $50,000
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C. $30,000 — A.R.S. 32-2186(B)(1).

Question 2 · Arizona

Can an Arizona licensee who acted as agent in the deal claim against the Recovery Fund?

  1. Yes
  2. No
  3. Only up to $10,000
  4. Only as a buyer
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B. No — A.R.S. 32-2186(D).

Question 3 · Arizona

What is the most Arizona's Real Estate Recovery Fund pays per licensee?

  1. $30,000
  2. $60,000
  3. $90,000
  4. $150,000
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C. $90,000 — A.R.S. 32-2186(B)(2).

Question 4 · Arizona

Which loss does Arizona's Recovery Fund NOT cover?

  1. Actual out-of-pocket loss
  2. Reasonable attorney fees and court costs
  3. Lost profits from speculation
  4. A direct loss caused by a licensee's fraud
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C. Lost profits from speculation — A.R.S. 32-2186(G).

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